Yesterday, $PONS recorded its lowest day of revenue, earning just $30,000. A few months ago, it was pulling in almost $6M in a single day, and in September alone the protocol made $137M in fees. So, the question on everyone's mind is: where exactly did all that liquidity go? EXTRACTORS. Last month, @WazzCrypto exposed an operation linked to 53 launches on Robinhood Chain over two months, with around $18.43M extracted. $18M meant to circulate in the ecosystem. $18M meant to go into the hands of true believers and committed devs. $18M removed from Robinhood Chain forever. They allegedly sniped 70%+ of supply across launches using bundles of 70 to 200 wallets, then moved the proceeds into the next launch. Some even ran multiple fake launches before the actual token, extracting as much as they could from the hype. They drained as much as they could and we wonder why there's nothing left. This is what happens when people come to a chain to build something and others come solely to drain it. You can't build a sustainable ecosystem when extractors are allowed to bleed every launch dry and move on to the next one. Until this gets addressed, the space will keep repeating the same cycle. More launches, more extraction, less trust, less liquidity. Every day, I lose some more faith in this industry